for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Eric was playing golf all day yesterday (and winning) so will have been away from his 'puter for a few days. Don't worry, he remains very bullish about SEO.

pth

nowt wrong wiv me ii's, driver....... it's the rest of me that's knackered!!

bos
I see what you mean.

lol

at least you got the proportions right!!! (i wish)



(so does the missus)

I like a bit of Latin, Bos Does it mean, "your ovaries' heels need re-soling"? A subtle inverted reference to tray-lidding I take it!

sd, you're not a million miles away!

more like three.

Oh well, I always say there's nothing new under the sun!

there most certainly isn't, sd!

Been out for two days in world of packaging, just got back and scampi & chips for quick supper, so what you cry, you lardy bastard. It was Youngs scampi and YES it looks to me as though they are packing their own label products using RF welding. With some weeks/months of usage to prove out the benefits will Youngs be retro-fiiting more machines? Also the benefits of RF may allow them to reduce the packaging that they buy therefore RF paying for itself? We have to wait and see of course and I cannot be 100% cos I have no contacts with Youngs but I know a standard heatseal when I see one and it aint on the scampi pack in my freezer, it looks suspiciuosly RF.
I can wait for the snowball effect of orders, its called investing in a company potentially at the start of something very significant and profitable.
I know interims will be shit, but I didn't invest for the last six months revenues, I like the prospects of the next six years. DYOR and ATB (all that bollocks).

andys, i noticed that too , last month, think i mentioned it, youngs and asda salmon wrapped the same. question is , did you get your scampi from asda?

Oh dear oh dear oh dear - losses are climbling rapidly - nearly 1M in the half year and thats with increased turnover !

Financial Highlights

Turnover of 629,000 (2004: 320,000)

Loss before taxation of 960,000 (2004: 490,000)

Net cash at 30 April 2005 of 2.9 million


Notice how their statements say "slowely slowely" now - laughing at PM - you rampfest merchant IMO !! Pi*s poor that losses can increase that much ! Its got worse from 2003 to 2004 and now worse again to 2005 !

If they do not get some really big order soon - before 31st October - they could be looking at a full year loss of nearly 2M at prelims in Feb 2006 - that the loss at half year can explode to nearly 1M is quite horrific !

Well I'm sure you can all join me in being totally staggered that ii is first to post this morning!

Here are the highlights, will print the lot if requested but I'm sure someone will beat me to it;

Substantial progress towards commercialisation of GREENSEAL technology with ASDA


Strategic alliances signed with Premier Technology Inc and Advanced Energy Inc. to enable rapid rollout of GREENSEAL in North America and elsewhere


Strategic acquisition of Biotec Holdings (Biotec) subject to shareholder approval


Successful launch of Frog Pack into the UK market


Two placings of Ordinary Shares raising a total of 13.1 million (before expenses) successfully completed with UK institutions


Financial Highlights



Turnover of 629,000 (2004: 320,000)


Loss before taxation of 960,000 (2004: 490,000)


Net cash at 30 April 2005 of 2.9 million




Phillip Lovegrove, Chairman of Stanelco, commented:



The two commercial agreements for GREENSEAL signed in the last few weeks with ASDA suppliers and the support from ASDA itself give us enormous confidence in our technology. We look forward to its continued rollout in both the UK and overseas markets as we seek to establish GREENSEAL as a must have application in the global packaging marketplace.



We also believe that the market potential for starch based films in the medium term is substantial and the recent acquisition of Biotec places Stanelco at the very forefront of this exciting market. With a healthy cash position following the well-supported institutional placings, the Board looks forward to the future with great confidence.

Actually, a lot better than I thought they might be, somewhat relieved.

pth

agreed ptholden, anxious to see how the market will take it.

Haven't seen anything frightening me , but I did read the words "several hundred" which heartened me.
Alan

morning all. a little bit dull, i thought, but not as bad as i thought they would be. all in all , looking quite positive for the future. i was hoping for news of some further developement in usa , but it all seems to be old news.

The most significant bit was the increase from 200 machines at ASDA to several hundred machines.

Me thinks we are being too impatient - and we will see more and more orders start to snowball as the weeks progress.

All in all - not bad - much better financials than I had anticipated.

Now lets see what the market thinks !!

Baza

Baza, people are being very impatient.
To answers Bosleys question, NO I didn't buy it at Asda so RF is on sale at other supermarkets in the form of Youngs Brand.
Also, bags of scampi will not be produced on the same filling line as trays of salmon which may imply more than one machine is already retro-fitted for RF.
Before ii says owt, these are FACTS from someone in the industry.

Check it out yourself, look at a peanut bag for instance, same packing method as scampi, wide heatseals possible with crimps, check out Youngs scampi, nice thin weld seal typical of RF. Don't need Asda to check this, its on sale at Sainsburys and presumably Tesco as well.

Biodegradable corks !
Carlco capsule project mentioned for the first time, could have been prompted by my posting the info on that 3 to 4 weeks ago :)
Only one cautionary statement, loads of bullish statements
I think a few sells by the impatient, and a lot of buying by the clever longs
Cheers,
PM